EU carbon back below 14 euros as gas, power drop

LONDON (Reuters) - European Union carbon permit prices, pressured by weak prices for German power and UK gas, fell back below 14 euros a tonne on low liquidity on Wednesday afternoon, a week after the futures hit a three-month low.

EU Allowance futures for December delivery dropped to 13.90 euros a tonne by 1312 GMT, down 33 cents or 2.3 percent, after treading above 14 euros through most of the day.